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Bugshire Hathaway, led by Warren Buffett, sold a large amount of Apple stock in the fourth quarter of last year. Instead, the stocks that increased their stakes were Verizon and Chevron.
According to the Securities and Exchange Commission (SEC) on the 16th, Buckshire Hathaway sold 57.2 million shares of Apple (APPL) until the end of the fourth quarter of last year. Apple stocks held by Bugshire Hathaway declined 6% to 877 million shares. Despite the sale, Apple still accounts for 43.61% of its portfolio, making it the largest stock held by Buckshire Hathaway. It is interpreted that Apple’s stock price soared more than 80% last year and started to realize profits.
Stocks sold by Bugshire Hathaway in the fourth quarter of last year
In the midst of selling Apple, the stocks they bought were carrier Verizon (VS) and energy company Chevron (CVX). In the same quarter, Bugshire Hathaway bought 146.7 million shares of Verizon. In terms of amount, it was worth 8.6 billion dollars, making it the 6th largest holding of the Buckshire Hathaway portfolio. Chevron shares purchased $4.1 billion (48 million shares).
New stocks bought by Buckshire Hathaway in the fourth quarter of last year
Bank stocks are the second most sold stocks after Apple. It sold most of JP Morgan Chase (JPM) shares in the third quarter, and then sold all of its shares in the fourth quarter. M&T Bank (MTB), which had been held since 2001, also sold 2.91 million shares. In addition, the company also reduced its stake in Wells Fargo (WFC) by nearly 60% and sold all of the financial company PNC Financial Services (PNC).
In the second quarter of last year, Buffett bought and sold all of the controversial barik gold (GOLD). The fact that Buffett, who hated gold and favored assets with cash flow, invested in a gold mining company became a hot topic at the time.
On the other hand, they bought health care stocks. It has a 28% stake in the German pharmaceutical company MRK, which is worth $2.3 billion. In addition, it has increased its stakes in pharmaceutical companies ABBV, insurance companies Marsh & McLennon (MMC) and Bristol Myers Squibb (BMY). In addition, KR, which operates a supermarket chain, has 33.5 million shares, buying 34% more than its existing holdings.
The stocks that Buckshire Hathaway owned the most as of the fourth quarter of last year
As of December 31, last year, Buckshire Hathaway owns the most after Apple, including Bank of America (BAC), Coca-Cola (KO), American Express (AXP), and Craft Heinz (KHC).
Reporter Choi Ye-rin [email protected]
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